Asia Naphtha/Gasoline-Gasoline crack rises; ARA ships some naphtha to Germany

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, March 17 (Reuters) - Asia's gasoline refining profit margin rose nearly 19% this week on robust demand ahead of Ramadan from the region's biggest importer Indonesia. The crack jumped to $15.10 a barrel on Friday, compared with $14.82 a day earlier. The naphtha crack, on the other hand, posted a weekly decline of about 11% amid volatility in crude oil markets. Naphtha stocks at the Amsterdam-Rotterdam-Antwerp (ARA) trading hub decreased to 244,000 tonnes in the week to March 16 as gasoline blending demand rose, Insights Global data showed.


Separately, some cargoes were shipped to Germany from the ARA hub in a rare route to naphtha trade.


NEWS - Oil prices firmed on Friday as a meeting between Saudi Arabia and Russia calmed markets and after support measures stabilised a banking crisis that set oil prices on course for their biggest weekly fall since December. - Russia's piped supply of Urals crude to the European Union (EU) via the southern spur of the Druzhba pipeline in the current January-March quarter is set to rise 6% on a daily basis from October-December 2022, data provided by industry sources and Reuters calculations showed. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 643.50 16.00 2.55 627.50 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 627.50 16.00 2.62 611.50 <NAF-2H-TY Japan M2 O> OSN Naphtha Diff 16.00 0.00 0.00 16.00 <NAF-TYO-D IF> Naphtha Netback FOB 69.50 1.78 2.63 67.72 Sing
Naphtha-Brent Crack 78.00 9.10 13.21 68.90 <NAF-SIN-C RK> Gasoline 97 99.24 1.20 1.22 98.04 Gasoline 95 97.22 1.20 1.25 96.02 Gasoline 92 90.50 1.20 1.34 89.30 Gasoline crack 15.10 0.28 1.89 14.82 <GL92-SIN- CRK>
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 <BRENTSGMc


1>
Naphtha CFR Japan M1 <NACFRJPSW


Mc1>
Naphtha CFR Japan <NACFRJPSD
M1/M2 Mc1>
Naphtha CFR Japan M2 <NACFRJPSW


Mc2>
Naphtha Japan-Sing <NAPTC4SPD
Netback M1 Mc1>
Naphtha Japan-Sing <NAPTC4SPD
Netback M2 Mc2>
Naphtha FOB Sing M1 <NAFOBSGSW


Mc1>
Naphtha FOB Sing <NAFOBSGSD
M1/M2 Mc1>
Naphtha FOB Sing M2 <NAFOBSGSW


Mc2>
Naphtha Cracks M1 <NACFRJPCK


Mc1>
East-West Naphtha M1 <NAPJPEWMc


1>
East-West Naphtha M2 <NAPJPEWMc


2>
NWE Naphtha M1 <NAPCNWEAM


c1>
NWE Naphtha M1/M2 <NAPCNWEAS


Mc1>
NWE Naphtha M2 <NAPCNWEAM


c2>
Crack NWE <NAPCNWEAC
Naphtha-Brent M1 Mc1>
Crack NWE <NAPCNWEAC
Naphtha-Brent M2 Mc2>

*Sing refers to
Singapore

(Reporting by Mohi Narayan; Editing by Shinjini Ganguli)

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